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Procyclical Labour Productivity, Labour Effort and Technology Shocks -a Study of Injury Rates in Swedish Manufacturing 1970-1992

Author

Listed:
  • Hokkanen, J.

Abstract

In empirical studies the finding of procyclical average labour productivity is common. Two possible explanations to these results have been suggested in the literature: (1) labour hoarding/labour utilization, and (2) the Real Business Cycle productivity/technology shock explanation. This study tries to discriminate between these hypotheses by estimatinf the labor input coefficient in a production function regression with instrumental variables that are assumed to be unrelated to technology shocks.

Suggested Citation

  • Hokkanen, J., 1998. "Procyclical Labour Productivity, Labour Effort and Technology Shocks -a Study of Injury Rates in Swedish Manufacturing 1970-1992," Papers 1998:21, Uppsala - Working Paper Series.
    • Handle: RePEc:fth:uppaal:1998:21
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    More about this item

    Keywords

    PRODUCTIVITY ; TECHNOLOGY ; LABOUR MARKET ; ECONOMETRICS;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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